SIAM MAKRO TAR­GETS EX­PAN­SION WITH THE LAUNCH OF LOTS WHOLE­SALE SO­LU­TIONS

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Siam Makro PCL, a part of US $50 bil­lion Charoen Pokp­hand Group (CP Group), an­nounced the launch of its In­dia op­er­a­tions in the whole­sale cash and carry space. The com­pany has adopted a 100 per­cent FDI route to es­tab­lish its op­er­a­tions in In­dia un­der the name of LOTS Whole­sale So­lu­tions.

The com­pany plans to in­vest over ₹1,000 crores in the first five years and open 15 whole­sale dis­tri­bu­tion cen­tres across north­ern In­dia. The first two stores of LOTS Whole­sale So­lu­tions will open in Delhi NCR in

2018. The in­tended in­vest­ment by the com­pany will gen­er­ate over 5,000 di­rect and in­di­rect jobs. Speak­ing to the me­dia, Tanit Chear­a­vanont, Man­ag­ing Di­rec­tor, LOTS Whole­sale So­lu­tions said, “2018 is a very ex­cit­ing year for us at LOTS Whole­sale So­lu­tions. We are ea­ger to com­mence our op­er­a­tions and de­light our cus­tomers with ex­cel­lence in ser­vice, as­sort­ment and con­ve­nience that is in our DNA. We bring with us 28 years of ex­pe­ri­ence in serv­ing var­i­ous B2B cus­tomers, such as Horeca, traders and ser­vice cus­tomers, through dif­fer­ent cash and carry for­mats – large and small; we are con­fi­dent that we will surely be able to en­hance the modern whole­sale sec­tor in to­tal­ity.”

The com­pany has brought on board sea­soned pro­fes­sion­als with proven ca­pa­bil­i­ties in key lead­er­ship roles. Sameer Singh, who comes with over 18 years of ex­pe­ri­ence in Re­tail and Hos­pi­tal­ity, is Di­rec­tor of Op­er­a­tions and Busi­ness De­vel­op­ment; Nis­hant Rayi­rath, who comes with over 15 years of ex­pe­ri­ence in Whole­sale Cash & Carry op­er­a­tions, is Di­rec­tor of Com­mer­cial; Jatin Mazal­car, who comes with 16 years of strong back­ground ex­pe­ri­ence in Fi­nance across var­i­ous in­dus­tries, is Di­rec­tor of Fi­nance; and Man­ish Gehlot, who comes with 20 years of in­dus­try ex­pe­ri­ence, is Di­rec­tor of In­for­ma­tion Tech­nol­ogy.

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